American Oriental quarterly profit, revenue more than double

GabrielMadway

SAN FRANCISCO (MarketWatch) -- American Oriental Bioengineering Inc.
aob
late Monday reported fourth-quarter net earnings of $10.9 million, or 17 cents a share, up from $4.18 million, or 10 cents a share, in the year-ago period. Revenue at the New York-based pharmaceutical company rose to $41.3 million from $19.8 million. For the first quarter of fiscal 2007, the company expects earnings of 10 cents a share on revenue of $24 million to $25 million. For fiscal 2007, American Oriental forecast revenue of $143 million to $147 million.

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